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BMW´s $1 billion plant surfs
Mexican investment wave

Reuters, by Alexandra Alper

Original Article

Posted By:JoniTx, 7/3/2014 3:34:47 PM

Mexico City - Luxury car maker BMW revealed a $1 billion Mexican plant investment on Thursday, becoming the latest in a line of major automakers to take advantage of the country´s growing industrial base and tariff-free access to the U.S. market. BMW outlined plans to build a factory near San Luis Potosi, central Mexico, in a move that will reduce the German company´s dependence on higher-cost plants at home. The plant will begin assembling unspecified models in 2019 with an initial workforce of 1,500 and annual production capacity of 150,000 vehicles, the company said. "Mexico is an ideal location for

      


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Reply 1 - Posted by: Hybernicus, 7/3/2014 3:47:03 PM     (No. 9910020)

Good luck with the corruption factor that Latin America is notorious for.

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Reply 2 - Posted by: scottc, 7/3/2014 4:17:53 PM     (No. 9910040)

Hate to break it to you #1 but the USA is beyond Latin America is the corruption department.

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Reply 3 - Posted by: Iraengneer, 7/3/2014 6:07:17 PM     (No. 9910114)

Riiight. Build Bum-W´s in Mexico to sell into the US.
remember Ross Perot´s warning about NAFTA? He was right. Those who laughed and called him names were, and are, wrong. As usual. Odd, I haven´t noticed any apologies from the usual suspects.


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Reply 4 - Posted by: ColonialAmerican1623, 7/3/2014 10:31:49 PM     (No. 9910353)

Any numbers on how many plants relocated to Mexico after NAFTA ?

With all of the new manufacturing jobs in Mexico, why are they still coming here to take the remaining jobs ?

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Reply 5 - Posted by: Pat26.2, 7/4/2014 12:56:28 AM     (No. 9910455)

It´s not the jobs. It´s the welfare scams, the anchor babies, the drug running, and, something nobody says, a decision by the Mexican government to export its poverty problem north and reap the benefit of repatriation payments coming south.

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Reply 6 - Posted by: Civilservant, 7/4/2014 9:14:32 AM     (No. 9910729)

#4, the Mexicans who want to work in factories already do.....in Mexico.
Up here, we get the dregs. #5 hits it right outa the park as to what attracts them.

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Reply 7 - Posted by: Smart11344, 7/4/2014 1:35:56 PM     (No. 9911057)

I´m sure BMW will greatly reduce the price of the cars built in Mexico. NOT!

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